Fully renovated 9-unit multifamily property in the growing Twentynine Palms market. With a strong 6.8% cap rate and 8.75 GRM on current rents, this turnkey asset features 4 studios, 4 one-bed units, and 1 two-bed unit across 3,240 SF. All interiors have been updated with modern kitchens, baths, fixtures, and finishes. Current scheduled rents total $9,425/month with market potential of $10,200/month. Property sits on a 21,600 SF lot with ample open parking. Low expenses and stable tenant demand driven by proximity to the Marine Corps base and downtown amenities. Excellent opportunity for investors seeking strong cash flow and minimal renovation needs.
3,240 Sq Ft
0.4959 Private Acres Lot Size
investment
Built in 1936
MLS/Listing ID PW25264892
1 Stories
9 Units
Community - Near National Forest
Community - Preserve Public Land
Heating - ENERGY STAR Qualified Equipment
Common Area
Cooling - ENERGY STAR-qualified Equipment
Community - Biking
Community - Hiking
Community - Horse Trails
Community - Hunting
Community - Mountainous
Appliances
HVAC
TOTAL MONTHLY COST
$0
$0
$0